How Can Foreigners Buy Property In Ukraine Safely?

Ukraine lawyer spills the beans on what really goes on in the Ukraine real estate investment market; foreign buying options, contract risks, CASH conveyancing practices, title insurance, mortgages, and of course corruption! In this video you'll discover the pro's and con's of investing in Ukraine property.

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What percent of real estate transactions are still done buy cash? Big suitcases of cash, percent of transactions?

I think, it is about 80%.

Because of the interesting point, because it is so different from my "world" in North America. What are standard mortgage interest rates these days in Ukraine?

Average mortgage in Ukraine is 15% per year.

So, that's why the real estate business is quite low in Ukraine, compare to Western countries. Most people buy there property out-right, cash, they don't get mortgages. This is the also reason why property appreciation market in Ukraine has in-followed European standards, because less money available to but real estate.

People don't need to pay these huge rates: 15-18% interest. So it's only from savings, which means less demand, which means the price is less than in other European countries.

Let's talk about the process of conveyance, or change of ownership. How does it happen in Ukraine. For example, I am buyer.. I am buying property from "Igor", over here. Typically, how does this transaction happen?

And next, how about money transfer? How does it happen? We come to you as to a lawyer acting for a transaction. Do I need to give the money directly to seller, or first I need to give money to you and than you will give money to buyer?

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